US Dollar’s Role as Reserve Currency is Safe
Posted on May 27, 2011 at 15:45 PM EDT
The persistent weakness of the dollar alongside euro-area debt woes have cast doubts over the world’s two major foreign exchange reserve currencies, prompting concern that authorities increasingly will seek to diversify the composition of their reserves. Nevertheless, Oxford Analytica believes the dollar’s role as the world’s premier exchange currency is not in jeopardy. The currency [...]